Antitrust Laws: Promoting Competition and Free Markets
Critically important but commonly misunderstood, antitrust laws are meant to promote competition and protect consumers. Here’s everything you need to know.
America's antitrust laws promote competition and benefit consumers.
Antitrust laws ensure competition in a free and open market economy, which is the foundation of any vibrant economy. And healthy competition among sellers in an open marketplace gives consumers the benefits of lower prices, higher quality products and services, more choices, and greater innovation.
The core of U.S. antitrust law was created by three pieces of legislation: the Sherman Antitrust Act, the Federal Trade Commission Act, and the Clayton Antitrust Act. These laws have evolved along with the market, vigilantly guarding against anti-competitive harm that arises from abuse of dominance, bid rigging, price fixing, and customer allocation.
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U.S. legislative proposals could undermine U.S. economic and security interests and strengthen foreign rivals without any apparent benefit to U.S. consumers.
America's Antitrust Laws: Explained in 60 Seconds
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Antitrust laws ensure competition thrives, providing consumers with lower prices and higher-quality products and services. However, some seek to rewrite these laws and undermine consumer power in the marketplace. Before Congress starts making unnecessary and harmful changes, it’s important to set a few things straight.
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The Chamber submitted comments to the FTC and DOJ in response to their solicitation for public comments in connection with their recent workshop, “Making Competition Work: Promoting Competition in Labor Markets.”
This Hill letter was sent to the Members of the United States Congress on the direction and actions of the Federal Trade Commission.
U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley issued the following statement today in response to the Federal Trade Commission's (FTC) denial of the Chamber's requests under the Freedom of Information Act (FOIA).
Proposed antitrust legislation could impact the ability of everyone from individual entrepreneurs to multi-million-dollar companies to be acquired.
This Hill letter was sent to Members of the United States Senate opposing S. 3197, the "Platform Competition and Opportunity Act of 2021." This bill is on the Legislative Leadership list for the “How They Voted” scorecard.
